SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
Recent stories from sustg
-
Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
-
Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
-
Ahead of LEAP in Saudi Arabia, MCIT’s Abdullah Alshamrani joins The 966 to talk tech, ecosystem development, and more…
Abdullah Alshamrani, General Manager of the Digital Entrepreneurship Center at Saudi Arabia’s MCIT join The 966 to talk ecosystem development in the Kingdom, the entrepreneurship scene, and the Kingdom as a future destination for tech.
-
What it’s like to live in Saudi Arabia during Riyadh Season, PIF-backed Alat launches with eyes on a big impact, and more…
The boys are back for their normal format and catch up on just some of the seemingly endless new developments and storylines emerging from Saudi Arabia of late.
-
A Look at Saudi Arabia’s Latest Tourism Figures
Tourism minister Ahmed bin Aqeel Al Khateeb recently revealed Saudi Arabia’s latest tourism figures — key numbers for the Kingdom as it looks to diversify its economy in part by attracting visitors to the Kingdom.
-
Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
-
The Public Investment Fund’s Head of National Development, Jerry Todd, talks PIF investment strategy, localization and more…
Lucien Zeigler sits down with an exclusive conversation with Jerry Todd, Head of the National Development Division at the Public Investment Fund (PIF) of Saudi Arabia, in a new format and program called 966 Live, recorded at PIF studios in a fireside chat style of engagement. Jerry Todd, who is also on the PIF’s Management […]
-
Kingdom Launches ‘Alat’, A New Effort to Transform Saudi int Electronics and Advanced Industries Hub
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Thursday the launch of a new Public Investment Fund company called “Alat,” which will contribute to the aim of making Saudi Arabia a global hub for sustainable technology manufacturing that focuses on advanced technologies and electronics, Saudi Press Agency reported.
-
Saudi Arabia’s non-oil sector grew 4.6 percent in 2023 – Reports
Saudi Arabia’s non-oil sector grew at a strong rate, a positive sign for the Saudi government’s Vision 2030 economic and social reform drive that puts diversification of the economy away from oil as a top goal.
-
At Davos, Kingdom Pushes Diplomacy and PIF Talks 2024 Investment Strategy
Saudi Arabia’s strong presence at the World Economic Forum in Davos, Switzerland is emblematic of an increasingly confident Kingdom on the global stage, with top officials from both the government and Saudi Arabia’s Public Investment Fund on the ground to promote Saudi Arabia’s interests.
- 10 of 761 results<< 1 2 3 4 … 77 >>
MUST-READS
-
Saudi Economy Contracted in 2023, But Growth Projections Unchanged for 2024
On March 10, the Saudi General Authority for Statistics released detailed gross domestic product data for Saudi Arabia in the fourth quarter of 2023 (the previously released fourth quarter “flash” estimate contained more limited information). The data confirmed that the Saudi economy contracted in 2023. The 0.8% drop in real GDP (i.e., GDP after accounting for inflation) was largely due to the 9% contraction in the oil sector that followed the production cuts under the OPEC+ agreement. Saudi Arabia’s non-oil sector grew by 3.8% and ended the year on a relatively strong note, with growth accelerating in the fourth quarter relative to the third quarter.
-
Yellen, Saudi finance minister discuss economy, collaboration at G20 meeting
US Treasury Secretary Janet Yellen met with Saudi Arabia’s finance minister Mohammed al-Jadaan at the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, a statement released by US Department of treasury on Thursday reported. Yellen and the Saudi minister discussed economic prospects of the Kingdom, the advancements made in its reform initiatives and its involvement in global and regional affairs, the statement added.
-
Saudi Arabia targets human skills as key to expanding economy at Riyadh event
“Education is in itself the most important sector in which to invest,” Khalid Al Falih said on Thursday during his opening speech on the second and final day of the Human Capability Initiative event in Riyadh. He said that the needs for the energy sector are changing as the world shifts to cleaner methods, along with the advanced technology markets, which both demand talent for jobs that have not yet been created. This will have “a tremendous impact” on Saudi Arabia’s global competitiveness, and that is where its investment will be directed, said the minister.
-
Iran Votes: Lukewarm on Leadership, Cool on Economy
Young Iranians under the age of 30 -- a key part of the protest movement after Amini’s death -- are particularly disapproving (61%) of their leadership. With those younger than 30 making up over 60% of Iran’s population, their view toward Iran’s leadership may prove decisive in Khamenei’s call for greater turnout and the outcome of the vote itself.
-
World Economy Has Growing Chance of Soft Landing, G-20 Says
The global economy has a growing chance of pulling off a soft landing, finance chiefs said in a draft of the G-20’s closing statement at this week’s meeting in Brazil, citing faster-than-expected disinflation as one of the upside risks. “We note that the likelihood of a soft landing in the global economy has increased,” said the draft communique dated Feb. 23, seen by Bloomberg News. “Risks to the global economic outlook are more balanced. Upside risks include faster-than expected disinflation.”
-
New unified Gulf tourism visa to bolster Saudi economy
In November 2023 the Gulf Cooperation Council approved a landmark unified tourist visa set to launch between 2024 and 2025. Similar to the Schengen scheme, the permit will enable tourists to travel across all six GCC member states: Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE. The new visa was announced by Jassim Mohammed Al-Budaiwi, GCC secretary-general, on Nov. 9, during the 40th meeting of the organization’s interior ministers in Muscat, Oman.
-
Saudi-China Collaboration in the Context of a Circular Carbon Economy: Priorities and Opportunities in the Globalization of Hydrogen Markets
Developing clean hydrogen industries and markets are strategically crucial for Saudi Arabia and China to achieve their net-zero climate goals. Saudi Arabia has made significant progress in hydrogen development from extraction to commercialization. Different options for galvanizing clean hydrogen production are being explored, with the goal of reaching four million tons of clean hydrogen annually by 2030, most of which will be exported to major energy consumers in East Asia and Europe. China is the world’s largest producer and consumer of hydrogen. The construction of an integrated hydrogen industry by 2035 will promote the use of hydrogen across the transportation, energy storage, and industrial sectors.
-
Deep Data: The Iranian economy in 2024
Barely two months into 2024, there are strong indications that Iran will face major challenges in sustaining a reasonable economic development path this year. The economy desperately needs investment, but there are only limited prospects of the latter given the continuation of harsh US sanctions and low odds of a diplomatic breakthrough with the west.
-
How the G20 Can Build on the World Economy’s Recent Resilience
After several years of shocks, we expect global growth to reach 3.1 percent this year, with inflation falling and job markets holding up. This resilience provides a foundation to shift focus to the medium-term trends shaping the world economy. As our new report to the G20 makes clear, some of these trends—such as AI—hold promise to lift productivity and improve growth prospects. We badly need it—our projections for medium-term growth have declined to the lowest in decades.
-
Transformation of Saudi economy creates opportunities, Public Investment Fund official tells investors
It is important that investors understand the long-term structural changes to the Saudi economy that are taking place and the opportunities they offer, the head of the National Development Division at the Saudi Public Investment Fund said on Thursday. Speaking at the Future Investment Initiative Priority forum in Miami, Jerry Todd said the three pillars of this transformation are industrialization of the economy, the development and expansion of service sectors, and the building-up of green energy capacity.
- 10 of 711 results<< 1 2 3 … 72 >>